Sahara victimised for yrs, but won’t give up: Subrata Roy

Facing a possible auction of his personal and company assets by Sebi, a defiant Sahara chief Subrata Roy says he feels victimised by a chain-reaction of events over the years that began with a political vendetta in 2005, followed by regulatory clampdowns by RBI and Sebi.

“It started as a political vendetta against us in 2005, and thereafter it became a chain reaction. First, RBI took actions against us in 2008 and thereafter Sebi clamped down on our businesses,” said head of diversified conglomerate Sahara group that has presence in entertainment, real estate, financial services and hospitality businesses, among others.

Roy said that the other businesses of Sahara group were getting affected because of Sebi’s actions, but he was ready for a “fight to finish” and confident of the matters being resolved in due course.

Roy was summoned by the market regulator Sebi yesterday to ascertain details of his personal and two company assets that could be sold to generate over Rs 24,000-crore worth funds required to be returned to the investors.

(News agency)

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